Wednesday, October 12, 2011

Iran seems upset with US for keeping gold prices.... high?

Nations who rely upon a purely fiat currency like the United States use nearly every weapon in their arsenals to keep the price of gold (real money) as low as possible.  Gold is the true measure of money, and it speaks out in many ways at countries who print inflation, no matter how hard they try to deny it.

So for the insane joker from Iran, Mahmood Ahmadinejad, to come out and blame the US for keeping gold prices 'up', provides insight to everyone around the world just how dumb politicians are.

Yet one "conspiracy" we had not heard of until now is that America is actively doing what it can to send gold higher. That is no longer the case. A few days ago, none other than the capo di tutti Mexican cappi, Iran president Mahmoud Ahmedinejad, proclaimed that "Iran's enemies were deliberately causing the price of gold and foreign exchange to rise in a bid to undermine the Islamic Republic's economy. "The enemies and ill-wishers want to make a fuss and present wrong information to provoke and deviate the market." The plot thickens. From Reuters: "In order to disturb the market they buy a lot of gold coins with their huge amount of money ... they do the same in the foreign exchange market. But we have got enough reserves to meet all the country's needs." And there you have it: America is willing to risk the reserve status of its currency and send everyone chasing after gold simply so it can destabilize the Iranian economy... And now we've heard it all. - Zerohedge
My name is Mahmood Ahmadinejad, and I just wish I was only an alcoholic.


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